- Erandwane's property market exhibits a positive price trend, with asking rates projected to increase from ₹22,368 per sq ft to ₹23,349 per sq ft by March 2026.
- The micromarket rates are also showing strong growth, reflecting increased demand and market confidence.
- Apartments are a popular property type, with an average price of ₹23,349 per sq ft and a healthy 4.45% year-on-year change.
- The rental market offers a yield of 2.47%, providing a viable income stream for property owners.
- 2 BHK apartments are particularly sought after, commanding an average rent of ₹38,333 per month.
- Deccan Gymkhana, a prominent micro-market, shows strong performance with an average rate of ₹25,963 per sq ft and a 2.15% increase.
- Sadashiv Peth demonstrates significant growth with a 19.99% increase in its average rate, reaching ₹19,649 per sq ft.
Property Rates in Erandwane, Pune
Comprehensive Market Snapshot
Erandwane, Pune's property market currently shows an asking price of ₹23,349 per sq ft and a registration rate of ₹19,896 per sq ft. The market has seen consistent growth in asking prices over the last few quarters, with the micromarket rate also showing an upward trend. Apartments are the primary property type, averaging ₹23,349 per sq ft. While specific average rental rates are not detailed, the overall rental yield stands at 2.47%. A 2 BHK apartment averages ₹38,333 per month in rent.
- Asking Sale Price₹ 23,349 /sq.ft
- Govt. Registration Prices₹ 19,896 /sq.ft
- Average Rental₹ 48 /sq.ft
- Rental Yield2.47 %
Insights for Erandwane, Pune Real Estate Market
Erandwane, Pune, presents a dynamic real estate market with an average asking price of ₹23,349 per sq ft, while registration rates hover around ₹19,896 per sq ft. Price trends indicate a steady appreciation, with the location rate showing an upward trajectory from ₹22,368 per sq ft in June 2025 to a projected ₹23,349 per sq ft by March 2026. This growth is mirrored in the micromarket rates, which have also climbed significantly. Apartments are the dominant property type, with an average price of ₹23,349 per sq ft and a notable positive change of 4.45%. Ready To Move properties are abundant, with 144 units available at an average of ₹17,568 per sq ft, though experiencing a recent dip. The rental market shows a yield of 2.47%, with 2 BHK apartments averaging ₹38,333 per month. Notably, Prabhat Road stands out with a high average rental rate of ₹68 per sq ft, while Ganesh Nagar shows a recent decline of -4.76%. Government registrations indicate a healthy activity with 205 transactions totaling ₹387 Cr between May 2025 and April 2026.
- The average rental rate of ₹48 per sq ft, while present, does not offer a clear picture of rental appreciation trends across all property types or micro-locations without further breakdown.
- While Ready To Move properties are abundant, they have seen a price decrease of -8.5%, indicating potential oversupply or a need for price correction in this segment.
- The rental yield of 2.47% in Erandwane suggests potential for steady income generation from rental properties.
- 2 BHK apartments are a strong rental segment, averaging ₹38,333 per month, indicating consistent demand for family-sized units.
- The consistent upward trend in asking prices and micromarket rates points towards potential capital appreciation for property investments in Erandwane.
- The significant increase in Sadashiv Peth's average rate by 19.99% indicates a rapidly appreciating micro-market within Erandwane, offering growth potential.
Property Price Trends in Erandwane, Pune
The property market in Erandwane is on an upward trajectory, with asking prices projected to reach ₹23,349 per sq ft by March 2026. This represents a consistent increase from the ₹22,368 per sq ft recorded in June 2025. The micromarket rates have also seen substantial growth, indicating a strengthening demand across the broader locality.
Apartments are the primary residential offering in Erandwane, with an average price of ₹23,349 per sq ft, reflecting a positive 4.45% change. This indicates a strong demand and potential for appreciation in the apartment segment.
Erandwane offers a varied mix of property statuses to suit different buyer needs. Ready To Move properties are most prevalent with 144 units, averaging ₹17,568 per sq ft. Under Construction projects total 30 units at ₹19,737 per sq ft, while New Launch projects have 25 units priced at ₹19,154 per sq ft.
Erandwane's real estate landscape features diverse pricing across its micro-markets. Deccan Gymkhana commands the highest average rate at ₹25,963 per sq ft, showing a 2.15% increase. In contrast, Shukrawar Peth is priced significantly lower at ₹9,752 per sq ft. Sadashiv Peth shows a remarkable 19.99% surge, reaching ₹19,649 per sq ft, while Kothrud is priced at ₹18,050 per sq ft with a slight decrease of -0.18%.
Project and Developer Insights
Premium residential developments in Erandwane are setting high benchmarks for asking prices. Fortune Prashanti CHS leads with an impressive ₹30,005 per sq ft, marking a significant 34.42% increase. Swojas Aarohi and Chandrasen Apartment also feature prominently, priced at ₹29,490 per sq ft and ₹27,073 per sq ft respectively. These projects represent the aspirational segment of the Erandwane market.
Among the top rental projects in Erandwane, Rahul Apartments Erandwane leads with a rental rate of ₹58 per sq ft. Sahara Trimurti Apartment and Minal CHS Erandwane follow, both priced at ₹56 and ₹55 per sq ft respectively, indicating premium rental offerings in these developments.
Premium residential developments in Erandwane are setting high benchmarks for asking prices. Fortune Prashanti CHS leads with an impressive ₹30,005 per sq ft, marking a significant 34.42% increase. Swojas Aarohi and Chandrasen Apartment also feature prominently, priced at ₹29,490 per sq ft and ₹27,073 per sq ft respectively. These projects represent the aspirational segment of the Erandwane market.
Government Registration in Erandwane, Pune
- Sales Transactions205
- Gross Sales Value₹ 387 Cr
- Registered Rate₹ 19,900 /sq.ft
Erandwane witnessed robust property transaction activity from May 2025 to April 2026, with 205 registrations valued at ₹387 Cr. The average registered rate stood at ₹19,900 per sq ft. Developer Archway Estates DB LLP was notable for its transaction volume. Vasant Apartment was the top project by transactions and value.
Property Rental Trends in Erandwane, Pune
In Erandwane, the rental market is most active for 2 BHK apartments, which average ₹38,333 per month. This highlights a strong demand for family-sized residential units within the locality.
Rental rates vary across Erandwane's localities, with Prabhat Road commanding the highest average at ₹68 per sq ft. Law College Road follows at ₹58 per sq ft, while Pandurang Colony and Navi Peth are priced at ₹49 and ₹50 per sq ft respectively. Ganesh Nagar has seen a slight decrease of -4.76% in its average rental rate.